US trade News

Global Oil Prices Tumble Over 6% Following China's Sharp Increase in US Goods Tariffs

Crude oil prices plummeted by over 6% after China raised tariffs on US goods to 84%, responding to US tariffs on Chinese imports. WTI and Brent prices dropped significantly, reflec...

Trump's Tariff Strategy: A Boon for India's Leather and Apparel, But a Bane for Carpet Industry

India's leather and apparel sectors anticipate growth in the US market due to favorable tariff rates, while the carpet industry fears losses. The government is urged to negotiate b...

Mexico's Strategic Economic Response: Sheinbaum Rejects Tit-for-Tat Tariffs Against US

Mexican President Claudia Sheinbaum announces Mexico will not impose retaliatory tariffs against the US, opting for a strategic economic response. She emphasizes ongoing discussion...